debt
confidence high
sentiment neutral
materiality 0.55
PBF Energy prices $500M of 7.875% senior notes due 2030; proceeds to redeem 2025 notes
PBF Energy Inc.
- $500M aggregate principal at 7.875% interest, due 2030, issue price 99.324%.
- Net proceeds with cash on hand will fund redemption of 7.25% 2025 Notes.
- Offering expected to close August 21, 2023, subject to customary conditions.
- Notes offered privately to QIBs under Rule 144A and non-U.S. persons under Regulation S.